The average monthly payment on a new car is $523. The interest on a car loan is $8469 a year. The average monthly cost of gasoline is $146. Monthly maintenance and repairs is $99. Registration, fees, and taxes are $145 a year. The average cost of auto insurance is $924 per year. The average yearly depreciation is $1115. Use a spreadsheet to determine the total cost of car ownership after five years. $19,869
$57,105
$99,345
$109,345